Sensex Today Ends 110 Points Lower | Broader Indices Rise Over 1% | Vodafone Idea Down 5%

Tue, 2 Apr Closing

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After opening the day on Flat, Indian share markets turned negative as the session progressed and ended the day lower.

Benchmark indices took a breather on Tuesday weighed by profit booking in heavyweights like ICICI Bank, L&T, Infosys, Kotak Bank, Bharti Airtel, TCS and HCL tech.

At the closing bell, the BSE Sensex stood lower by 110 points.

Meanwhile, the NSE Nifty closed higher by 2 points.

Bajaj Auto, M&M and BPCL were among the top gainers today.

Hero MotoCorp, Kotak Mahindra and ICICI Bank on the other hand, were among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

The GIFT Nifty ended at 22,552 down by 55 points or 0.3%.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets ended the day on positive note. The BSE Mid Cap ended 1.1% higher and the BSE Small Cap index ended 1.2% higher.

Sector indices are trading on mixed, with stocks in realty sector, metal sector and oil & gas sector witnessing buying. Meanwhile, stocks in It sector, telecom sector and media sector witnessed selling pressure.

Bajaj Auto, Cummins India and L&T hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% higher at Rs 68,805 per 10 grams.

Meanwhile, silver prices are trading 1.4% higher at Rs 76,585 per 1 kg.

Speaking of stock markets, initiatives like sea links, multi-modal connectivity, dedicated freight corridor, logistics parks, drone deliveries and e-commerce policies are expected to offer massive long-term tailwinds to key logistics players in the country.

Co-head of Research at Equitymaster, Tanushree Banerjee talks about one such company that stands out, in her latest video.

Tune in to the below video:

Why CAMS Share Price is Rising

In news from the IT sector, shares of CAMS rallied over 5% around mid-day after it was reported that the company will manage the issuance of all digital insurance policies.

In an exchange filing on 2 April, CAMS said that the IRDAI (Insurance Regulatory and Development Authority of India) has mandated the issuance of insurance policies by insurance companies in electronic form with effect from 1 April.

CAMS Insurance Repository Services Limited, which is an IRDAI-registered insurance repository, will be facilitating the issuance of policies in the electronic mode. CAMSREP is a wholly owned subsidiary of CAMS and is the second-largest repository in the country.

CAMS has also seen investments in its non-mutual-fund business over the past couple of years.

The company is India's largest registrar and transfer agent of mutual funds, with an aggregate market share of approximately 70% based on mutual fund average assets under management.

The variety of services provided by CAMS plays an important role in developing and maintaining its clients' market perception.

The second player, Karvy, is at a distant 26% market share. CAMS, a dominant force in India's mutual fund registrar and transfer agency industry, commands an impressive 69% market share.

India is poised to become a deep tech superpower, with investments doubling every three years, and CAMS is one of the frontrunners within this space.

For more details, check out our recent editorial The Future is All About Deep Tech Stocks. Here's a List of Companies to Start Tracking Now...

Choice International Bags Solar Project

Moving on to news from the finance sector, the share price of Choice International zoomed more than 5% intraday on 2 April after the company subsidiary secured a Rs 5.2 bn project.

Choice Consultancy Service, a subsidiary of Choice International, announced the winning of a project for the development of a solar plant for Jodhpur Vidyut Vitran Nigam in a joint venture partnership with Solar91 Cleantech.

The Rs 5.2 bn project is expected to entail a capex outflow of Rs 1.5 bn.

In this project, Choice and Solar91 together will act as key advisors, undertaking comprehensive tasks, including detailed site surveys, and supervision of the design, supply, and installation of the solar power plant.

They will oversee the installation of associated 33kV or 11kV lines, conduct testing and commissioning activities, and manage the construction of control rooms.

The initiative entails setting up a 34.72 MW (AC) solar plant during an implementation period of 12 months, with a 25-year operation and maintenance period.

SpiceJet to Receive Q400 Aircraft

Moving on to news from the airline sector, budget carrier SpiceJet's shares rose over 2% as it is set to receive a Q400 aircraft secured from Nordic Aviation Capital (NAC) as part of a settlement agreement inked last year.

Under the agreement, which settles all past liabilities for the Q400s leased by NAC to SpiceJet, the airline acquires full ownership of six Q400s.

The airline already has five Q400 aircraft which were earlier owned by NAC. The ownership of these planes has been transferred to SpiceJet.

The sixth Q400 aircraft is en route to India from Germany and is expected to arrive in Delhi soon.

The timely arrival of the Q400 aircraft aligns with the upcoming summer schedule, enabling the airline to offer seamless connectivity and enhanced services to passengers during peak travel seasons.

SpiceJet has recently announced four major settlements with key aircraft lessors, resulting in substantial savings of Rs 1,252 crore for the airline.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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